Topic: disbursement

North-central province has disbursed 61.5% of its annual target so far this year.

Disbursement equal to 42.3% of the annual target and up slightly against 8M 2022.

Southern city has disbursed 27% of total public investment capital to date.

Over $3.12 billion in public investment capital disbursed.

Disbursement of development investment capital in 2022 equaled 75.1 per cent of the plan assigned by the Prime Minister.

Prime Minister Pham Minh Chinh responded on October 24 to questions from a National Assembly deputy on the disbursement of public investment capital, in particular disbursement of the support package for socio-economic recovery and development. He identified six key solutions to ensure disbursement in programs and projects, especially those that relate to socio-economic recovery and development programs.

Disbursement of public investment capital has seen positive signs but remains tardy. Some VND35 trillion ($1.43 billion) was disbursed in the first nine months of this year, an increase of 16 per cent year-on-year and equal to 46.7 per cent of the 2022 plan assigned by Prime Minister Pham Minh Chinh. He has now requested that ministries, central agencies, and localities implement solutions set out in resolutions from regular government meetings and guiding documents from government leaders on disbursement this year.

The Ministry of Finance has sent an official dispatch to ministries, branches, and localities on accelerating the disbursement of foreign capital in 2022. The Ministry said disbursement of ODA and foreign concessional loan capital averaged only 15.48 per cent of the plan in the first eight months of this year, which is rather low. Average disbursement among localities was 11.5 per cent of the plan and among ministries and branches 22.94 per cent. Remarkably, six ministries and eight localities posted distribution rates of 0 per cent of the plan.

Ho Chi Minh City was among localities with the lowest level of public investment disbursement in the first nine months of 2022, reaching just 3.6 per cent. It has therefore proposed that the government soon set up a group to address the difficulties.

According to the Ministry of Finance (MoF), the speed of public investment disbursement is accelerating, reaching 46.7 per cent of the plan by the end of September, or nearly VND253 trillion ($10.7 billion). However, 39 of 51 ministries and branches and 22 out of 63 cities and provinces have a disbursement rate at below the national average, of which 14 ministries and branches have disbursed less than 20 per cent of the plan.